Mar 25, 2013 9:00am EDT
protection of the state. if passed, texas would be the first state to have its own ft. knox, essentially, allow ting it to be protected by the tenth andment. if your home state could make its own protected depository for anything, what would it be and why? tweet us at squawk street and we'll get you responses in the next hour. >> in the meantime, interrupt. i believe we know why the markets have turned south. the head of the eurozone group, what we've seen in cyprus is now a template for future bailouts or bank restructurings. the market is taking that to mean there won't be losses potentially for depositor or senior bondholders who rank at the same level in the pecking order. it's really just confirming the fears that we've been talking about during the course of the last 60 minutes. >> right. >> meantime -- meantime -- >> hard to know what you're going to talk about tonight. >> i know. the markets are no in flux. we do have one strategy at citi who says the worst is yet to come when it comes to cyprus and its impact on the markets. of course, fast money madness continues.